New! View global litigation for patent families

US7668764B2 - Spending vehicles for payments - Google Patents

Spending vehicles for payments Download PDF

Info

Publication number
US7668764B2
US7668764B2 US11423824 US42382406A US7668764B2 US 7668764 B2 US7668764 B2 US 7668764B2 US 11423824 US11423824 US 11423824 US 42382406 A US42382406 A US 42382406A US 7668764 B2 US7668764 B2 US 7668764B2
Authority
US
Grant status
Grant
Patent type
Prior art keywords
spending
individual
payment
vehicle
institution
Prior art date
Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
Active, expires
Application number
US11423824
Other versions
US20090210342A9 (en )
US20060218095A1 (en )
Inventor
Robert D. Wilson
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
H&R Block Tax Services LLC
Original Assignee
H&R Block Tax Services LLC
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Grant date
Family has litigation

Links

Images

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/30Payment architectures, schemes or protocols characterised by the use of specific devices
    • G06Q20/34Payment architectures, schemes or protocols characterised by the use of specific devices using cards, e.g. integrated circuit [IC] cards or magnetic cards
    • G06Q20/342Cards defining paid or billed services or quantities
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/04Payment circuits
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/08Payment architectures
    • G06Q20/10Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/08Payment architectures
    • G06Q20/10Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G06Q20/102Bill distribution or payments
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/08Payment architectures
    • G06Q20/10Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G06Q20/105Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems involving programming of a portable memory device, e.g. IC cards, "electronic purses"
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/22Payment schemes or models
    • G06Q20/28Pre-payment schemes, e.g. "pay before"
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/30Payment architectures, schemes or protocols characterised by the use of specific devices
    • G06Q20/34Payment architectures, schemes or protocols characterised by the use of specific devices using cards, e.g. integrated circuit [IC] cards or magnetic cards
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/30Payment architectures, schemes or protocols characterised by the use of specific devices
    • G06Q20/34Payment architectures, schemes or protocols characterised by the use of specific devices using cards, e.g. integrated circuit [IC] cards or magnetic cards
    • G06Q20/343Cards including a counter
    • G06Q20/3433Cards including a counter the counter having monetary units
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/38Payment protocols; Details thereof
    • G06Q20/40Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/403Solvency checks
    • G06Q20/4037Remote solvency checks
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00Commerce, e.g. shopping or e-commerce
    • G06Q30/02Marketing, e.g. market research and analysis, surveying, promotions, advertising, buyer profiling, customer management or rewards; Price estimation or determination
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02Banking, e.g. interest calculation, credit approval, mortgages, home banking or on-line banking
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/12Accounting
    • G06Q40/123Tax preparation or submission
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q50/00Systems or methods specially adapted for a specific business sector, e.g. utilities or tourism
    • G06Q50/10Services
    • G06Q50/26Government or public services
    • GPHYSICS
    • G07CHECKING-DEVICES
    • G07FCOIN-FREED OR LIKE APPARATUS
    • G07F7/00Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus
    • G07F7/02Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by keys or other credit registering devices
    • GPHYSICS
    • G07CHECKING-DEVICES
    • G07FCOIN-FREED OR LIKE APPARATUS
    • G07F7/00Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus
    • G07F7/08Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by coded identity card or credit card or other personal identification means

Abstract

A system and method for associating payments with spending vehicles so that an individual who is entitled to receive periodic or special payments such as social security checks receives in place of the payment a spending vehicle such as a discount card, rebate, or coupon for use with purchases of the sponsor's products or services. Sponsors include companies and organizations interested in offering purchase incentives to their customers. An individual who wishes to receive a spending vehicle rather than the regular payment selects the spending vehicle he or she would like to receive. The individual then assigns his or her right to receive the payment to a third party. The third party then arranges to give a spending vehicle to the individual and to transfer the individual's payment to the sponsor of the spending vehicle. The third party may take a portion of the payment as compensation for the service.

Description

CROSS REFERENCES TO RELATED APPLICATIONS

This application is a continuation application of U.S. patent application Ser. No. 09/483,537, entitled SPENDING VEHICLES FOR PAYMENTS filed on Jan. 14, 2000, now U.S. Pat. No. 7,072,862, issued Jul. 4, 2006. This application is a continuation-in-part of U.S. patent application Ser. No. 09/354,870, entitled TAX REFUND SYSTEM filed Jul. 16, 1999, now U.S. Pat. No. 7,177,829, issued Feb. 13, 2007.

BACKGROUND AND SUMMARY OF THE INVENTION

The present invention relates generally to a system and method for distributing payments to individuals and, more particularly, to a system and method for allocating a portion or all of an individual's payment into a spending vehicle.

Participants in many government and corporate sponsored programs are entitled to regular or periodic payments. For example, in government sponsored welfare programs such as Aid to Dependent Children and retirement programs such as Social Security, beneficiaries may receive monthly payments. Individuals who make regular IRA contributions during their working years may receive monthly or yearly distributions during their retirement years. Employees who participate in their employers' retirement programs such as 401(K) plans, may also receive monthly or yearly distributions during their retirement years. Individuals who participate in other savings and investment plans may receive regular or periodic dividend payments.

Individuals who receive periodic or regular payments from various government and corporate plans or programs typically receive a check from the plan or program administrator. Alternatively, individuals may arrange for an electronic funds transfer (“EFT”) payment. In either case, the individuals receive cash payments. Individuals are then free to use the cash as desired.

Although the cash payments provide individuals with flexibility in making purchases, the overall purchasing power available to the individuals is equivalent to the dollar amount of cash payment. Alternatives to cash payments could provide individuals with increased purchasing power. For example, if instead of receiving a cash payment, an individual had the option of receiving a coupon from a retailer for an amount greater than the value of the cash payment, the individual would receive the benefit of increased purchasing power. Therefore, there is a need for a system and method by which individuals may select among alternatives to receiving cash payments.

The present invention provides a system and method for associating payments with spending vehicles so that an individual who is entitled to receive regular or periodic payments (e.g., Social Security checks, 401(k) distributions, dividend payments, tax refunds, payroll checks or deposits, private payment arrangements, or any other source of payment(s)) may choose to receive in place of the payment a spending vehicle such as a credit card, debit card, e-wallet account, gift card, discount card, rebate, coupon for use with purchases of the sponsor's products or services, or anything of value to the payee which the payee agrees to accept in this form instead of receiving a regular payment by check or cash or by direct deposit. Sponsors may include companies and organizations interested in offering purchase incentives to their customers. For example, sponsors may be retailers, manufacturers, or service providers. An individual who wishes to receive a spending vehicle rather than the regular payment selects the spending vehicle he or she would like to receive and assigns his or her right to receive the payment to a third party. The third party assignee may be a sponsor offering a spending vehicle or it may be a financial institution that serves as intermediary between an individual and a sponsor. If a sponsor offers the spending vehicle, the sponsor arranges to give a spending vehicle to the individual in return for an assignment of the individual's right to payment. If the spending vehicle is offered by a financial institution, the financial institution then arranges to give a spending vehicle to the individual and to transfer all or a portion of the individual's payment to the sponsor of the spending vehicle. The financial institution may take a portion of the individual's payment as compensation for the service provided to the individual and the sponsor. Alternatively, the financial institution may offer its own spending vehicle or it may purchase spending vehicles from various sponsors so that only one payment for purchase of the spending vehicles is made.

In a preferred embodiment of the present invention, the dollar value of the spending vehicle received by an individual is greater than the dollar value of the cash payment the individual would have received. Consumers of the present invention therefore benefit by increasing their purchasing power. Alternatively, the dollar value of the spending vehicle may be equivalent to or less than the dollar value of the cash payment the individual would have received. In this embodiment of the present invention, consumers benefit from the convenience of receiving a spending vehicle for use with purchases at their preferred sponsors. Sponsors benefit from the present invention through increased customer bases and additional traffic. They further benefit from increased sales of their products and services. Payors who make payments available to individuals benefit from an increase in the use of electronic funds transfers and a reduction in the printing and mailing of checks to individuals.

The present invention will be described in greater detail hereinafter. The present invention is described in the form of preferred embodiments and is not to be limited to those preferred embodiments but instead shall be given the broadest scope of protection affordable under the law in view of the allowed claims.

BRIEF DESCRIPTION OF THE DRAWINGS

FIG. 1 is a flow diagram of a preferred embodiment of the present invention;

FIG. 2 is a schematic diagram of a first preferred embodiment of the present invention;

FIG. 3 is a schematic diagram of a second preferred embodiment of the present invention;

FIG. 4 is a schematic diagram of a third preferred embodiment of the present invention; and

FIG. 5 is a schematic diagram of a fourth preferred embodiment of the present invention.

DETAILED DESCRIPTION OF PREFERRED EMBODIMENT(S)

Referring now to the drawings, there is shown in FIG. 1 a flow diagram for a preferred embodiment of the system of the present invention. Steps to accomplish a preferred embodiment of the present invention are shown in FIG. 1. In the first step 10, a plurality of spending vehicles for a plurality of sponsors is created. A spending vehicle may be a credit card, debit card, cash card, checking card, spending account, checking account, e-wallet account, gift card, discount card, rebate, coupon, voucher or any other type of financial instrument or currency that enables the holder of the spending vehicle to purchase products or services. A sponsor may be a retailer, financial institution, service provider, wholesaler, distributor, manufacturer, entertainment entity, travel entity, publisher, governmental entity, insurance institution, brokerage institution, global computer network and online business, consortium of companies, or any participating entity through which an individual may purchase something of value to the individual. A sponsor participating in the system and method of the present invention may choose to offer one or more spending vehicles to its customers.

In the next step 12, the individual's selection of a spending vehicle is determined. The individual may be given the option of selecting more than one spending vehicle from one or more sponsors. Next 14, the individual is provided with the spending vehicle or vehicles selected. In exchange for the spending vehicle, the individual assigns his or her right to a payment to a third party in step 14. In one embodiment of the present invention, the individual assigns his or her right to payment directly to the sponsor who provided the spending vehicle. The individual may arrange to transfer the full amount or less than the full amount of the payment to the sponsor. The sponsor then provides one or more of its own spending vehicles to the individual with a value based on the amount of the payment assigned to the sponsor. In this embodiment, the sponsor provides a spending vehicle to the individual directly without the need of an intermediate entity such as a financial institution. The sponsor may be a financial institution. Alternatively, the individual may assign his or her right to payment to a financial institution. In this embodiment of the present invention, the financial institution may serve as an intermediary between a plurality of sponsors and an individual. The financial institution may then offer more types of spending vehicles from more sponsors thereby giving the individual more options than may be available from a single sponsor. Once the assignment is complete, the assignee of the individual's right to payment, (e.g., the sponsor or financial institution) arranges to receive the individual's payment in step 18. In step 20, if an intermediary such as a financial institution is the assignee of the right to payment, a portion or all of the payment may then be transferred to the sponsor or sponsors from whom the individual selected the spending vehicle. In order to accomplish the transfer of funds, a third party payor may arrange to transfer the individual's payment to a sponsor or financial institution entitled to receive the individual's payment based on the assignment.

Referring to FIG. 2, an embodiment of the present invention in which an individual 30 obtains a spending vehicle 34 directly from a spending vehicle provider such as a sponsor 36 is shown. In exchange for the assignment of the payment rights 32 by the individual 30 to the sponsor 36, the spending vehicle provider or sponsor (i.e., third party assignee) provides a spending vehicle 34 to the individual 30. Information regarding the arrangement between the individual 30 and sponsor 36 may then be communicated with the third party payor from whom the individual is entitled to receive a payment. Payment information 42 such as name and account information may be transferred from the sponsor 36 to the third party payor 38 so that the sponsor 36 receives the individual's payment 40 directly. The payor may use electronic funds transfer to accomplish the transfer so that it is not required to process a check or other form of payment to the individual.

In accordance with the present invention, for example, an individual may assign his or her Social Security check to a retailer and in exchange for the right to receive the individual's check, the retailer provides the individual with a spending vehicle such as a credit card or debit card with a predetermined amount of spending power for use at various outlets. The retailer spending vehicle may include an amount of buying power greater than the amount of the Social Security check. For example, a retailer may issue a special debit card worth $500 in exchange for receiving the individual's check of $450. The benefit to the retailer is that the individual must spend his or her Social Security dollars at the retailer's store(s), and the benefit to the individual may be that the retailer offers buying power at the retailer's store(s) in excess of the dollar amount of the Social Security check.

Under a preferred embodiment of the present invention, the spending vehicle provider or sponsor may issue, for example, a debit card to an individual upon receiving confirmation of the receipt of the Social Security check. The credit card or debit card may not be activated until such time as the spending vehicle provider receives the funds for the check. The spending vehicle may include a telephone number for an individual to call to activate the spending vehicle once the spending vehicle provider is assured of receipt of payment. Once the individual's spending vehicle is activated, the individual may spend the value of the spending vehicle. For example, an individual who is entitled to receive a $450 Social Security check may assign that amount to a spending vehicle provider in exchange for $500 of spending power through a debit card good only at a particular retailer or at some group of retailers. In another example, an individual who is due an IRA distribution of $2,500 may assign his or her distribution amount to an automobile dealer in exchange for the automobile dealer issuing a spending vehicle worth $3,000 in buying power at the auto dealership. In another example, a cruise line may offer a spending vehicle of $3,000 in exchange for receiving the individual's distribution amount of $2,500.

The spending vehicle may take the form of many different embodiments, including but not limited to, credit cards, debit cards, cash cards, checking cards, spending accounts, checking accounts, electronic spending accounts, coupons, vouchers, discount certificates, rebate certificates, and any other vehicle in which an individual receives spending power in a particular dollar amount useable at practically any participating retailer, financial institution, service provider, wholesaler, distributor, manufacturer, entertainment entity, travel entity, publisher, governmental entity, insurance institution, brokerage institution, global computer network and online business, and any participating entity through which an individual may purchase something of value to the individual. A payment may be any type of regular or periodic payment such as a government, corporate, or employer benefit. It may also be a special one-time payment such as a tax refund or a special dividend payment from an investment.

Referring to FIG. 3, use of a financial institution 56 as an intermediary or middleman between the individual 50, the payor 76 from whom the individual 50 is entitled to receive a payment, and the spending vehicle provider(s) or sponsor(s) 62, 68, 74 may be preferable. For example, financial institutions are typically well established in providing spending vehicles such as credit cards and debit cards. A retailer, for example, may find it helpful to provide its own spending vehicle if done in conjunction with a financial institution.

As shown in FIG. 3, a financial institution 56 may work with a plurality of sponsors 62, 68, 74 so that an individual 50 is provided with several options for selecting a spending vehicle. The financial institution 56 may arrange to obtain a plurality of spending vehicles 60, 66, 72 from a plurality of sponsors 62, 68, 74. As indicated above, the spending vehicles 60, 66, 72 may be credit cards, debit cards, cash cards, checking cards, spending accounts, checking accounts, electronic spending accounts, coupons, vouchers, discount certificates, or rebate certificates. The individual 50 assigns his or her payment rights 52 to a financial institution 56 and selects one or more spending vehicles 54 from one or more of the sponsors 62, 68, 74. The individual may assign the full or less the full amount of the payment to the financial institution. The financial institution may arrange to receive the appropriate amount of the individual's payment 78 by providing payment information 80 to the third party payor 76 from whom the individual is entitled to receive a payment. As indicated above, the payor 76 may be a governmental agency, an employer, or any institution that provides payments to individuals in accordance with instructions from a governmental agency, corporation, organization, employer, etc. The payment 78 may be a Social Security check, 401(k) distribution, dividend payment, tax refund, etc. The financial institution 56 may then arrange to transfer to each participating sponsor 62, 68, 74 all or a portion of the individual's payment 78. The financial institution 56 may keep a portion of each individual's payment as a fee for allowing sponsor participation. Preferably, the value of the spending vehicle 54 selected by the individual 50 exceeds the value of the payment right 52 transferred to the financial institution. In this arrangement, individuals benefit from the increased spending power available from the various sponsors. While financial institutions may be beneficial to the process of the present invention, they are not essential.

FIG. 4 shows another embodiment of the present invention in which a financial institution 96 purchases spending vehicles from a sponsor 102. In this embodiment of the present invention, a financial institution 96 may make a payment of a lump sum or fixed amount 98 to a sponsor 102 in return for a plurality of spending vehicles 100. The financial institution 96 may then distribute one of the spending vehicles 94 to an individual 90 in exchange for the right to receive a payment 92 from the individual or individual's payor 104. Payment information 108 provided by the financial institution 96 to the payor 104 may then be used to transfer the individual's payment 106 directly to the financial institution 96. An electronic funds transfer may be used to complete the transaction so the payor is relieved of the burden of processing a check payment to the individual.

In accordance with this embodiment of the present invention, a financial institution 96, for example, may purchase $5,000 worth of coupons for $4,000. The financial institution 96 may then sell the coupons to individuals for slightly less than the face value of each coupon but for more than it paid for each coupon. Under this arrangement, the sponsor benefits from the lump sum payment and increased sales due to the distribution of the coupons to potential customers while the financial institution benefits by selling the coupons for less than its purchase price. Individuals benefit from the increased spending power at the participating sponsor. In addition, the financial institution is not required to transfer any portion of the individual's payment to the sponsor.

FIG. 5 shows another embodiment of the present invention in which a particular third party spending vehicle provider is not necessary. Instead, a financial institution 116 (perhaps the bank where the individual banks), for example, issues a spending vehicle 114 directly to the individual 110 that may be used at many different outlets for the purchase of goods and or services. In return for the spending vehicle 114, the individual 110 assigns payment rights 112, which may be any amount equal to or less than the amount of the payment, directly to the financial institution 116. The financial institution 116 receives the appropriate amount for the individual's payment 120 from the third party payor 118 after providing necessary payment information 122 to the payor 118. The payment information may include name and account information so that an electronic funds transfer may be completed.

Once the individual receives the spending vehicle and the individual has completed any process for activating the spending vehicle, the individual may spend the dollar amount of value inherent in that individual's spending vehicle through participating sponsor or sales outlets. Furthermore, the spending vehicle provider or sponsor may agree to assign its rights and obligations in the spending vehicle to another entity at which the individual may spend or obtain the unspent dollar amount of the spending vehicle. The individual is therefore given even greater flexibility in using the selected spending vehicle.

Once the spending vehicle is activated for the individual, in a preferred embodiment of the present invention, the individual may be given a period of time in which to use the spending vehicle before a service charge is applied. For example, the individual may incur no service charge on the spending vehicle if the spending vehicle is used within 90 days of being activated. In the event a minimum balance remains in the spending vehicle after the initial “no fee” period, a small monthly service charge may be levied against the spending vehicle until it is entirely used. Alternatively, after a period of time (e.g., 60 days) the spending vehicle provider may issue a check to the individual for the balance left in the spending vehicle. These alternatives provide the individual with greater flexibility in using the selected spending vehicle.

Having shown and described a preferred embodiment of the present invention, those skilled in the art will realize that many variations and modifications may be made to the described invention and still be within the scope of the claimed invention. Thus many of the elements indicated above may be altered or replaced by different elements which will provide the same or substantially the same result and fall within the spirit of the claimed invention. It is the intention therefore to limit the invention only as indicated by the scope of the claims.

Claims (12)

1. A computerized system for distributing a spending vehicle, comprising:
a spending vehicle having a predetermined value;
a right of an individual to receive a payment from a payor;
an assignment executed by said individual wherein said individual agrees to transfer a portion of said payment from said payor to a third party acquiring said right to receive said at least said portion of said payment;
a payor computer system for receiving payment data to facilitate electronically transferring said portion of said payment from said payor computer system to a third party computer system, said third party acquiring said right to receive said at least said portion of said payment; and
wherein:
(1) said spending vehicle is provided to said individual by said third party acquiring said right in exchange for said right to receive said at least said portion of said payment; and
(2) data regarding said spending vehicle provided to said individual is recorded in said third party computer system.
2. The computerized system of claim 1 wherein said spending vehicle is selected from the group consisting of:
a gift card, a cash card, a coupon, a voucher, a rebate certificate, and a discount certificate.
3. The computerized system of claim 1 wherein said spending vehicle is selected from the group consisting of:
a credit card, a debit card, a checking card, a checking account, a discount, a discount certificate, a spending account, an electronic spending account, and an e-wallet account.
4. The computerized system of claim 1 wherein said spending vehicle is offered by a sponsor selected from the group consisting of:
a product retailer, a wholesaler, a distributor, a manufacturer, a service provider, a publisher, a travel entity, an entertainment entity, a financial institution, an insurance institution, a brokerage institution, a global computer network and online business, a publisher, and a consortium of companies.
5. The computerized system of claim 4 wherein said third party acquiring said right to receive at least said portion of said payment is said spending vehicle sponsor.
6. The computerized system of claim 1 wherein said third party acquiring said right to receive at least said portion of said payment is a financial institution that accepts said transfer of said at least a portion of said payment and takes a portion of said at least a portion of said payment as compensation for services.
7. The computerized system of claim 1 wherein said payment is selected from the group consisting of:
a government program payment and a corporate program payment.
8. The computerized system of claim 1 wherein said payment is selected from the group consisting of:
an aid to dependent children payment, a social security payment, a tax refund, an individual retirement account distribution, a 401(K) distribution, an interest payment, and a dividend payment.
9. The computerized system of claim 1 wherein said predetermined value of said spending vehicle is in an amount equal to said at least a portion of said payment.
10. The computerized system of claim 1 wherein said predetermined value of said spending vehicle is in an amount greater than said at least said portion of said payment.
11. The computerized system of claim 1 wherein said predetermined value of said spending vehicle is indicated by said individual.
12. The computerized system of claim 1 wherein said third party acquiring said right to receive said at least said portion of said payment is a third party assignee selected from the group consisting of:
a spending vehicle sponsor and a financial institution serving as an intermediary between said individual and a spending vehicle sponsor.
US11423824 1999-07-16 2006-06-13 Spending vehicles for payments Active 2020-02-12 US7668764B2 (en)

Priority Applications (3)

Application Number Priority Date Filing Date Title
US09354870 US7177829B1 (en) 1999-07-16 1999-07-16 Tax refund system
US09483537 US7072862B1 (en) 2000-01-14 2000-01-14 Spending vehicles for payments
US11423824 US7668764B2 (en) 1999-07-16 2006-06-13 Spending vehicles for payments

Applications Claiming Priority (5)

Application Number Priority Date Filing Date Title
US11423824 US7668764B2 (en) 1999-07-16 2006-06-13 Spending vehicles for payments
US12710169 US8332289B2 (en) 1999-07-16 2010-02-22 Spending vehicles for payments
US12710846 US8326711B2 (en) 1999-07-16 2010-02-23 Spending vehicles for payments
US13692641 US8676676B2 (en) 1999-07-16 2012-12-03 Spending vehicles for payments
US13709987 US8671038B2 (en) 1999-07-16 2012-12-10 Spending vehicles for payments

Related Parent Applications (3)

Application Number Title Priority Date Filing Date
US09354870 Continuation-In-Part US7177829B1 (en) 1999-07-16 1999-07-16 Tax refund system
US09483537 Continuation US7072862B1 (en) 2000-01-14 2000-01-14 Spending vehicles for payments
US12710846 Continuation US8326711B2 (en) 1999-07-16 2010-02-23 Spending vehicles for payments

Related Child Applications (2)

Application Number Title Priority Date Filing Date
US12710169 Continuation US8332289B2 (en) 1999-07-16 2010-02-22 Spending vehicles for payments
US12710846 Continuation US8326711B2 (en) 1999-07-16 2010-02-23 Spending vehicles for payments

Publications (3)

Publication Number Publication Date
US20060218095A1 true US20060218095A1 (en) 2006-09-28
US20090210342A9 true US20090210342A9 (en) 2009-08-20
US7668764B2 true US7668764B2 (en) 2010-02-23

Family

ID=23920462

Family Applications (6)

Application Number Title Priority Date Filing Date
US09483537 Active US7072862B1 (en) 2000-01-14 2000-01-14 Spending vehicles for payments
US11423824 Active 2020-02-12 US7668764B2 (en) 1999-07-16 2006-06-13 Spending vehicles for payments
US12710169 Active 2019-07-26 US8332289B2 (en) 1999-07-16 2010-02-22 Spending vehicles for payments
US12710846 Active 2019-11-28 US8326711B2 (en) 1999-07-16 2010-02-23 Spending vehicles for payments
US13692641 Active US8676676B2 (en) 1999-07-16 2012-12-03 Spending vehicles for payments
US13709987 Active US8671038B2 (en) 1999-07-16 2012-12-10 Spending vehicles for payments

Family Applications Before (1)

Application Number Title Priority Date Filing Date
US09483537 Active US7072862B1 (en) 2000-01-14 2000-01-14 Spending vehicles for payments

Family Applications After (4)

Application Number Title Priority Date Filing Date
US12710169 Active 2019-07-26 US8332289B2 (en) 1999-07-16 2010-02-22 Spending vehicles for payments
US12710846 Active 2019-11-28 US8326711B2 (en) 1999-07-16 2010-02-23 Spending vehicles for payments
US13692641 Active US8676676B2 (en) 1999-07-16 2012-12-03 Spending vehicles for payments
US13709987 Active US8671038B2 (en) 1999-07-16 2012-12-10 Spending vehicles for payments

Country Status (3)

Country Link
US (6) US7072862B1 (en)
CA (1) CA2397144A1 (en)
WO (1) WO2001052171A9 (en)

Cited By (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20090099918A1 (en) * 2007-10-10 2009-04-16 Ladoulis Steven T Funds accumulation systems and methods
US8510187B1 (en) * 2010-02-19 2013-08-13 Intuit Inc. Intelligent tax refund allocation
US20130226785A1 (en) * 2012-02-28 2013-08-29 Tax Refund Group, Inc. Tax refund loan system absent irs and fms debt indicator
US9830660B2 (en) 2015-03-20 2017-11-28 Bank Of America Corporation System for augmenting a retirement score with health information

Families Citing this family (60)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7177829B1 (en) * 1999-07-16 2007-02-13 H & R Block Tax Services, Inc. Tax refund system
US7072862B1 (en) * 2000-01-14 2006-07-04 H&R Block Tax Services, Inc. Spending vehicles for payments
US20040088221A1 (en) * 2001-01-30 2004-05-06 Katz Gary M System and method for computing measures of retailer loyalty
US20070250389A1 (en) * 2006-04-17 2007-10-25 Holtz George C Gift card donation method
US8708227B1 (en) 2006-10-31 2014-04-29 United Services Automobile Association (Usaa) Systems and methods for remote deposit of checks
US7873200B1 (en) 2006-10-31 2011-01-18 United Services Automobile Association (Usaa) Systems and methods for remote deposit of checks
US8799147B1 (en) 2006-10-31 2014-08-05 United Services Automobile Association (Usaa) Systems and methods for remote deposit of negotiable instruments with non-payee institutions
US8351677B1 (en) 2006-10-31 2013-01-08 United Services Automobile Association (Usaa) Systems and methods for remote deposit of checks
US7711645B2 (en) * 2006-12-15 2010-05-04 Christina Stanley Morello System and method for processing payments
US7657483B2 (en) * 2007-02-03 2010-02-02 The Western Union Company Money transfers for tax refunds
US8229847B2 (en) * 2007-02-03 2012-07-24 The Western Union Company Money transfers for tax refunds
US8959033B1 (en) 2007-03-15 2015-02-17 United Services Automobile Association (Usaa) Systems and methods for verification of remotely deposited checks
US8433127B1 (en) 2007-05-10 2013-04-30 United Services Automobile Association (Usaa) Systems and methods for real-time validation of check image quality
US8538124B1 (en) 2007-05-10 2013-09-17 United Services Auto Association (USAA) Systems and methods for real-time validation of check image quality
US9892454B1 (en) 2007-10-23 2018-02-13 United Services Automobile Association (Usaa) Systems and methods for obtaining an image of a check to be deposited
US8358826B1 (en) 2007-10-23 2013-01-22 United Services Automobile Association (Usaa) Systems and methods for receiving and orienting an image of one or more checks
US9898778B1 (en) 2007-10-23 2018-02-20 United Services Automobile Association (Usaa) Systems and methods for obtaining an image of a check to be deposited
US8290237B1 (en) 2007-10-31 2012-10-16 United Services Automobile Association (Usaa) Systems and methods to use a digital camera to remotely deposit a negotiable instrument
US8320657B1 (en) 2007-10-31 2012-11-27 United Services Automobile Association (Usaa) Systems and methods to use a digital camera to remotely deposit a negotiable instrument
US7900822B1 (en) 2007-11-06 2011-03-08 United Services Automobile Association (Usaa) Systems, methods, and apparatus for receiving images of one or more checks
US8306912B2 (en) * 2007-12-19 2012-11-06 Metabank Private label promotion card system, program product, and associated computer-implemented methods
US8788414B2 (en) 2007-12-21 2014-07-22 Metabank Transfer account systems, computer program products, and computer-implemented methods to prioritize payments from preselected bank account
US8108279B2 (en) * 2007-12-21 2012-01-31 Metabank Computer-implemented methods, program product, and system to enhance banking terms over time
US8090649B2 (en) 2008-12-18 2012-01-03 Metabank Computerized extension of credit to existing demand deposit accounts, prepaid cards and lines of credit based on expected tax refund proceeds, associated systems and computer program products
US8175962B2 (en) 2008-12-18 2012-05-08 Metabank Computerized extension of credit to existing demand deposit accounts, prepaid cards and lines of credit based on expected tax refund proceeds, associated systems and computer program products
WO2009124262A1 (en) 2008-04-04 2009-10-08 Metabank System, program product and method for performing an incremental automatic credit line draw using a prepaid card
WO2009140520A1 (en) 2008-05-14 2009-11-19 Metabank A pre-paid card transaction computer to load a loan on a pre-paid card
US8583515B2 (en) 2007-12-21 2013-11-12 Metabank Transfer account systems, computer program products, and associated computer-implemented methods
US9292737B2 (en) * 2008-01-18 2016-03-22 Mitek Systems, Inc. Systems and methods for classifying payment documents during mobile image processing
US20090204498A1 (en) * 2008-02-08 2009-08-13 Scott Galit Government Targeted-Spending Stimulus Card System, Program Product, And Computer-Implemented Methods
US20090228307A1 (en) * 2008-03-03 2009-09-10 Trent Sorbe Person-To-Person Lending Program Product, System, And Associated Computer-Implemented Methods
US8150764B2 (en) 2008-04-04 2012-04-03 Metabank System, program product, and method to authorize draw for retailer optimization
WO2009124264A1 (en) 2008-04-04 2009-10-08 Metabank System, program product, and method for debit card and checking account autodraw
US8538879B2 (en) 2008-05-14 2013-09-17 Metabank System, program product, and computer-implemented method for loading a loan on an existing pre-paid card
US8351678B1 (en) 2008-06-11 2013-01-08 United Services Automobile Association (Usaa) Duplicate check detection
US8422758B1 (en) 2008-09-02 2013-04-16 United Services Automobile Association (Usaa) Systems and methods of check re-presentment deterrent
US8024242B2 (en) * 2008-09-04 2011-09-20 Metabank System, method, and program product for foreign currency travel account
US8403211B2 (en) 2008-09-04 2013-03-26 Metabank System, program product and methods for retail activation and reload associated with partial authorization transactions
WO2010028266A1 (en) 2008-09-04 2010-03-11 Metabank System, program product and methods for retail activation and reload associated with partial authorization transactions
US7594821B1 (en) 2008-09-17 2009-09-29 Yazaki North America, Inc. Sealing gap formed by assembled connector parts
US8391599B1 (en) 2008-10-17 2013-03-05 United Services Automobile Association (Usaa) Systems and methods for adaptive binarization of an image
US8371502B1 (en) 2008-10-28 2013-02-12 Metabank Shopping center gift card offer fulfillment machine, program product, and associated methods
US8108977B1 (en) 2008-10-31 2012-02-07 Metabank Machine, methods, and program product for electronic order entry
US9213965B1 (en) 2008-11-26 2015-12-15 Metabank Machine, methods, and program product for electronic inventory tracking
US8286863B1 (en) 2009-02-04 2012-10-16 Metabank System and computer program product to issue a retail prepaid card including a user-designed external face using a chit and related computer implemented methods
US8452689B1 (en) 2009-02-18 2013-05-28 United Services Automobile Association (Usaa) Systems and methods of check detection
US8542921B1 (en) 2009-07-27 2013-09-24 United Services Automobile Association (Usaa) Systems and methods for remote deposit of negotiable instrument using brightness correction
US9779392B1 (en) 2009-08-19 2017-10-03 United Services Automobile Association (Usaa) Apparatuses, methods and systems for a publishing and subscribing platform of depositing negotiable instruments
US8977571B1 (en) 2009-08-21 2015-03-10 United Services Automobile Association (Usaa) Systems and methods for image monitoring of check during mobile deposit
US8699779B1 (en) 2009-08-28 2014-04-15 United Services Automobile Association (Usaa) Systems and methods for alignment of check during mobile deposit
US20110153406A1 (en) * 2009-12-17 2011-06-23 Target Brands, Inc. Tracking and Processing Discount Cards
US9129340B1 (en) 2010-06-08 2015-09-08 United Services Automobile Association (Usaa) Apparatuses, methods and systems for remote deposit capture with enhanced image detection
US8660948B2 (en) * 2010-07-02 2014-02-25 Qualcomm Incorporated System and method for managing transactions with a portable computing device
EP2663959A2 (en) * 2011-01-14 2013-11-20 Paul F Doyle System and method for compositing items and authorizing transactions
US9852406B2 (en) 2012-01-17 2017-12-26 Deluxe Small Business Sales, Inc. System and method for managing financial transactions based on electronic check data
US20130268337A1 (en) * 2011-08-29 2013-10-10 Anthony Morello Method and/or system for extending payment system architectures and/or order processing systems to assign merchant funded incentive options to customers performing a mobile remote check deposit capture (MRDC) routine from a smart mobile device to facilitate online commerce, online-to-offline (O2O) commerce and mobile commerce.
US20130254074A1 (en) * 2012-03-22 2013-09-26 Bank Of America Corporation Gift card exchange marketplace
US8738478B1 (en) * 2012-11-06 2014-05-27 Intuit Inc. Methods systems and computer program products for applying tax refund as tax payment
US9343222B2 (en) 2013-10-17 2016-05-17 Waukesha Electric Systems, Inc. Insulation for power transformers
US9286514B1 (en) 2013-10-17 2016-03-15 United Services Automobile Association (Usaa) Character count determination for a digital image

Citations (55)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6182891B2 (en)
US3596256A (en) 1969-08-08 1971-07-27 Pitney Bowes Alpex Transaction computer system having multiple access stations
US4718009A (en) 1984-02-27 1988-01-05 Default Proof Credit Card System, Inc. Default proof credit card method system
US4890228A (en) 1988-01-21 1989-12-26 Beneficial Management Corporation Of America Electronic income tax refund early payment system
US5025138A (en) 1984-02-27 1991-06-18 Vincent Cuervo Method and system for providing verifiable line of credit information
US5025372A (en) 1987-09-17 1991-06-18 Meridian Enterprises, Inc. System and method for administration of incentive award program through use of credit
US5138549A (en) 1989-04-28 1992-08-11 Dabco Computer Services, Inc. Automated tax deposit processing system
US5193057A (en) 1988-01-21 1993-03-09 Beneficial Franchise Company Inc. Electronic income tax refund early payment system with means for creating of a new deposit account for receipt of an electronically transferred refund from the irs
US5206803A (en) 1991-03-15 1993-04-27 Vitagliano Francis M System for enhanced management of pension-backed credit
US5394487A (en) 1993-10-27 1995-02-28 International Business Machines Corporation Forms recognition management system and method
US5420926A (en) * 1994-01-05 1995-05-30 At&T Corp. Anonymous credit card transactions
US5536045A (en) 1994-12-28 1996-07-16 Adams; Thomas W. Debit/credit card system having primary utility in replacing food stamps
US5644727A (en) 1987-04-15 1997-07-01 Proprietary Financial Products, Inc. System for the operation and management of one or more financial accounts through the use of a digital communication and computation system for exchange, investment and borrowing
WO1998004987A1 (en) 1996-07-31 1998-02-05 Finfrock Dale B Method and apparatus for pooling and distributing bond dividends
US5724523A (en) 1988-01-21 1998-03-03 Benefical Franchise Company, Inc. Electronic income tax refund system utilizing the tax refund to underwrite issuance of a secured credit card
US5739512A (en) 1996-05-30 1998-04-14 Sun Microsystems, Inc. Digital delivery of receipts
US5745706A (en) * 1994-12-30 1998-04-28 Wolfberg; Larry Computer system and related equipment for spending and investment account management
US5772251A (en) 1996-10-15 1998-06-30 Fleck; Gordon P. Income tax information organizer
US5787405A (en) 1994-09-29 1998-07-28 Ffp Financial Services, L.P. Method and system for creating financial instruments at a plurality of remote locations which are controlled by a central office
US5787404A (en) 1995-11-21 1998-07-28 Fernandez-Holmann; Ernesto Credit-card based retirement fund system and method
US5878405A (en) 1996-09-25 1999-03-02 Coordinated Data Services, Inc. Pension planning and liquidity management system
US5903876A (en) 1997-11-21 1999-05-11 Va-T-En, L.L.C., A Limited Method of refunding value added tax
US5926800A (en) 1995-04-24 1999-07-20 Minerva, L.P. System and method for providing a line of credit secured by an assignment of a life insurance policy
US5946668A (en) 1995-10-12 1999-08-31 J. Dean George System and method for funding a home investment trust
US5991736A (en) 1997-02-26 1999-11-23 Ferguson; Henry Patronage incentive award system incorporating retirement accounts and method thereof
US5991744A (en) 1997-10-31 1999-11-23 Gary P. Dicresce & Associates Method and apparatus that processes financial data relating to wealth accumulation plans
US6019283A (en) 1989-12-19 2000-02-01 Scotch Twist, Inc. Gaming machine system operable with general purpose charge cards
WO2000022494A2 (en) 1998-10-13 2000-04-20 Karen Macaluso Financial transaction system and method
US6064983A (en) 1997-03-21 2000-05-16 Koehler Consulting, Inc. System for performing tax computations
US6070153A (en) 1997-11-21 2000-05-30 Simpson; Mark S. System and method for automatically investing a portion of a credit card interest charged amount in an investment account
WO2000042583A1 (en) 1999-01-19 2000-07-20 Yclip.Com Corporation Electronic coupon processing
US6105007A (en) 1993-08-27 2000-08-15 Affinity Technology Group, Inc. Automatic financial account processing system
US6105865A (en) 1998-07-17 2000-08-22 Hardesty; Laurence Daniel Financial transaction system with retirement saving benefit
US6182891B1 (en) 1994-07-18 2001-02-06 Ntt Data Communications Systems Corporation Electronic bankbook, and processing system for financial transaction information using electronic bankbook
US6185683B1 (en) 1995-02-13 2001-02-06 Intertrust Technologies Corp. Trusted and secure techniques, systems and methods for item delivery and execution
WO2001015031A1 (en) 1999-08-25 2001-03-01 Kalina Dyan T Internet-based credit interchange system of converting purchase credit awards for purchase of investment vehicle
US6202052B1 (en) 1997-05-08 2001-03-13 Simplification, Llc Fully-automated system for tax reporting, payment and refund
WO2001039077A2 (en) 1999-11-23 2001-05-31 Biltis Lorne C System and method for integrating income deduction payment techniques with internet e-commerce and ancillary systems
US6347305B1 (en) 1999-10-29 2002-02-12 E-Duction, Inc. Method for selecting and processing a payroll deduction plan as a payment option during electronic commerce
US20020046110A1 (en) 2000-07-25 2002-04-18 Gallagher P. Christopher J. Administering incentive award program
US6405182B1 (en) 1998-08-03 2002-06-11 Vincent Cuervo System for dispensing prepaid debit cards through point-of-sale terminals
US6473500B1 (en) 1998-10-28 2002-10-29 Mastercard International Incorporated System and method for using a prepaid card
US6473741B1 (en) 1998-10-26 2002-10-29 Samuel R. Baker Method and system for aggregation and exchange of electronic tax information
US6532450B1 (en) 1998-12-09 2003-03-11 American Management Systems, Inc. Financial management system including an offset payment process
US6546373B1 (en) 1999-01-18 2003-04-08 Mastercard International Incorporated System and method for recovering refundable taxes
US20030167225A1 (en) 2002-03-01 2003-09-04 Adams Robert Lee Favored client advance with audit protection method
US6625582B2 (en) 1999-03-12 2003-09-23 Richman/Singer Venture Method and system for converting a designated portion of future social security and other retirement payments to current benefits
US20040199422A1 (en) 2003-04-03 2004-10-07 Larry Napier Consumer transaction-based marketing of goods and services
US6829588B1 (en) 1999-10-08 2004-12-07 First Data Corporation Electronic payroll system & method
US7010507B1 (en) * 1995-10-04 2006-03-07 Block Financial Corporation System providing funds to electronic tax filers prior to receipt of refund
US7070507B2 (en) 1997-07-17 2006-07-04 Nintendo Co., Ltd. Video game system
US7072862B1 (en) * 2000-01-14 2006-07-04 H&R Block Tax Services, Inc. Spending vehicles for payments
US7117172B1 (en) 1999-03-11 2006-10-03 Corecard Software, Inc. Methods and systems for managing financial accounts
US7127425B1 (en) * 2000-01-14 2006-10-24 H & R Block Tax Services, Inc. System and method for providing a loan to a taxpayer based on a pre year-end tax refund
US7177829B1 (en) * 1999-07-16 2007-02-13 H & R Block Tax Services, Inc. Tax refund system

Family Cites Families (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO1998028699A1 (en) * 1996-12-24 1998-07-02 Meridian Enterprises, Inc. System and method for administration of an incentive award program through use of credit

Patent Citations (59)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6182891B2 (en)
US3596256A (en) 1969-08-08 1971-07-27 Pitney Bowes Alpex Transaction computer system having multiple access stations
US4718009A (en) 1984-02-27 1988-01-05 Default Proof Credit Card System, Inc. Default proof credit card method system
US5025138A (en) 1984-02-27 1991-06-18 Vincent Cuervo Method and system for providing verifiable line of credit information
US5644727A (en) 1987-04-15 1997-07-01 Proprietary Financial Products, Inc. System for the operation and management of one or more financial accounts through the use of a digital communication and computation system for exchange, investment and borrowing
US5025372A (en) 1987-09-17 1991-06-18 Meridian Enterprises, Inc. System and method for administration of incentive award program through use of credit
US5963921A (en) 1988-01-21 1999-10-05 Beneficial Financial Corporation Electronic income tax refund early payment system with means for creating of a new deposit account for receipt of an electronically transferred refund from the IRS
US4890228A (en) 1988-01-21 1989-12-26 Beneficial Management Corporation Of America Electronic income tax refund early payment system
US5193057A (en) 1988-01-21 1993-03-09 Beneficial Franchise Company Inc. Electronic income tax refund early payment system with means for creating of a new deposit account for receipt of an electronically transferred refund from the irs
US5724523A (en) 1988-01-21 1998-03-03 Benefical Franchise Company, Inc. Electronic income tax refund system utilizing the tax refund to underwrite issuance of a secured credit card
US5138549A (en) 1989-04-28 1992-08-11 Dabco Computer Services, Inc. Automated tax deposit processing system
US6019283A (en) 1989-12-19 2000-02-01 Scotch Twist, Inc. Gaming machine system operable with general purpose charge cards
US5206803A (en) 1991-03-15 1993-04-27 Vitagliano Francis M System for enhanced management of pension-backed credit
US6105007A (en) 1993-08-27 2000-08-15 Affinity Technology Group, Inc. Automatic financial account processing system
US5394487A (en) 1993-10-27 1995-02-28 International Business Machines Corporation Forms recognition management system and method
US5420926A (en) * 1994-01-05 1995-05-30 At&T Corp. Anonymous credit card transactions
US6182891B1 (en) 1994-07-18 2001-02-06 Ntt Data Communications Systems Corporation Electronic bankbook, and processing system for financial transaction information using electronic bankbook
US5787405A (en) 1994-09-29 1998-07-28 Ffp Financial Services, L.P. Method and system for creating financial instruments at a plurality of remote locations which are controlled by a central office
US5536045A (en) 1994-12-28 1996-07-16 Adams; Thomas W. Debit/credit card system having primary utility in replacing food stamps
US5745706A (en) * 1994-12-30 1998-04-28 Wolfberg; Larry Computer system and related equipment for spending and investment account management
US6185683B1 (en) 1995-02-13 2001-02-06 Intertrust Technologies Corp. Trusted and secure techniques, systems and methods for item delivery and execution
US5926800A (en) 1995-04-24 1999-07-20 Minerva, L.P. System and method for providing a line of credit secured by an assignment of a life insurance policy
US7010507B1 (en) * 1995-10-04 2006-03-07 Block Financial Corporation System providing funds to electronic tax filers prior to receipt of refund
US5946668A (en) 1995-10-12 1999-08-31 J. Dean George System and method for funding a home investment trust
US5787404A (en) 1995-11-21 1998-07-28 Fernandez-Holmann; Ernesto Credit-card based retirement fund system and method
US5739512A (en) 1996-05-30 1998-04-14 Sun Microsystems, Inc. Digital delivery of receipts
WO1998004987A1 (en) 1996-07-31 1998-02-05 Finfrock Dale B Method and apparatus for pooling and distributing bond dividends
US5878405A (en) 1996-09-25 1999-03-02 Coordinated Data Services, Inc. Pension planning and liquidity management system
US5772251A (en) 1996-10-15 1998-06-30 Fleck; Gordon P. Income tax information organizer
US5991736A (en) 1997-02-26 1999-11-23 Ferguson; Henry Patronage incentive award system incorporating retirement accounts and method thereof
US6064983A (en) 1997-03-21 2000-05-16 Koehler Consulting, Inc. System for performing tax computations
US6202052B1 (en) 1997-05-08 2001-03-13 Simplification, Llc Fully-automated system for tax reporting, payment and refund
US7070507B2 (en) 1997-07-17 2006-07-04 Nintendo Co., Ltd. Video game system
US5991744A (en) 1997-10-31 1999-11-23 Gary P. Dicresce & Associates Method and apparatus that processes financial data relating to wealth accumulation plans
US5903876A (en) 1997-11-21 1999-05-11 Va-T-En, L.L.C., A Limited Method of refunding value added tax
US6070153A (en) 1997-11-21 2000-05-30 Simpson; Mark S. System and method for automatically investing a portion of a credit card interest charged amount in an investment account
US6003016A (en) 1997-11-21 1999-12-14 Va-T-En, L.L.C. Method of refunding value added tax
US6105865A (en) 1998-07-17 2000-08-22 Hardesty; Laurence Daniel Financial transaction system with retirement saving benefit
US6405182B1 (en) 1998-08-03 2002-06-11 Vincent Cuervo System for dispensing prepaid debit cards through point-of-sale terminals
WO2000022494A2 (en) 1998-10-13 2000-04-20 Karen Macaluso Financial transaction system and method
US6473741B1 (en) 1998-10-26 2002-10-29 Samuel R. Baker Method and system for aggregation and exchange of electronic tax information
US6473500B1 (en) 1998-10-28 2002-10-29 Mastercard International Incorporated System and method for using a prepaid card
US6532450B1 (en) 1998-12-09 2003-03-11 American Management Systems, Inc. Financial management system including an offset payment process
US6546373B1 (en) 1999-01-18 2003-04-08 Mastercard International Incorporated System and method for recovering refundable taxes
WO2000042583A1 (en) 1999-01-19 2000-07-20 Yclip.Com Corporation Electronic coupon processing
US7117172B1 (en) 1999-03-11 2006-10-03 Corecard Software, Inc. Methods and systems for managing financial accounts
US6625582B2 (en) 1999-03-12 2003-09-23 Richman/Singer Venture Method and system for converting a designated portion of future social security and other retirement payments to current benefits
US20070136160A1 (en) * 1999-07-16 2007-06-14 H & R Block Tax Services, Inc. Tax refund system
US7177829B1 (en) * 1999-07-16 2007-02-13 H & R Block Tax Services, Inc. Tax refund system
WO2001015031A1 (en) 1999-08-25 2001-03-01 Kalina Dyan T Internet-based credit interchange system of converting purchase credit awards for purchase of investment vehicle
US6829588B1 (en) 1999-10-08 2004-12-07 First Data Corporation Electronic payroll system & method
US6347305B1 (en) 1999-10-29 2002-02-12 E-Duction, Inc. Method for selecting and processing a payroll deduction plan as a payment option during electronic commerce
WO2001039077A2 (en) 1999-11-23 2001-05-31 Biltis Lorne C System and method for integrating income deduction payment techniques with internet e-commerce and ancillary systems
US7072862B1 (en) * 2000-01-14 2006-07-04 H&R Block Tax Services, Inc. Spending vehicles for payments
US7127425B1 (en) * 2000-01-14 2006-10-24 H & R Block Tax Services, Inc. System and method for providing a loan to a taxpayer based on a pre year-end tax refund
US20070050277A1 (en) * 2000-01-14 2007-03-01 H & R Block Tax Services, Inc. System and method for providing a loan to a taxpayer
US20020046110A1 (en) 2000-07-25 2002-04-18 Gallagher P. Christopher J. Administering incentive award program
US20030167225A1 (en) 2002-03-01 2003-09-04 Adams Robert Lee Favored client advance with audit protection method
US20040199422A1 (en) 2003-04-03 2004-10-07 Larry Napier Consumer transaction-based marketing of goods and services

Non-Patent Citations (196)

* Cited by examiner, † Cited by third party
Title
"Dicover's Platinum May Stand Out in the Platinum Crowd", Credit Card News, Jan. 15, 1999. *
"Discover's Platinum May Stand Out in the Platinum Crowd", Credit Card News, Jan. 15, 1999.
"Your Platinum Partner Certificate has Arrived", Discover Financial Services, Inc., date unknown.
A Summary of the Roundtable Discussion on Stored-Value Cards and Other Prepaid Products, Fed. Res. Board, http://federalreserve.gov/paymentsystems/storedvalue/, last updated Jan. 12, 2005.
Ajit Kambil and James E. Short, Electronic Integration and Business Network Redesign: A Roles-Linkage Perspective, J. MGMT. Info., Spring 1994, at 59.
Alan Berube et al., The Price of Paying Taxes: How Tax Preparation and Refund Loan Fees Erode the Benefits of EITC, The Brookings Inst., Progressive Policy Inst., May 2002, available at http://www.brookings.edu/reports/2002/05taxes—eitc.aspx.
All for one—but not yet one for all, Loc. Gov't It Use, Mar./Apr. 1999, at 17.
Amended and Restated Refund Anticipation Loan Participation Agreement, Jan. 2003, available at: http://contracts.onecle.com/hrblock/household.loan.2003 .0 1.06.shtmi.
Am-Tax Professional 1040, Accounting Technology, Oct. 1998 at 30.
Amy Brown et al., Refund Loan Products and VITA: A Summary of Issues and Options, Nov. 2004, http://www.responsiblelending.orglpdfs/RALs-Summary-1104.pdf.
Andrew Kitching and Sheena Starky, Payday Loan Companies in Canada: Determining the Public Interest, Parliamentary Info. Res. Service, Jan. 26, 2006, available at http://www.parl.gc.ca/information/library/PRBpubs/prb0581-e.html.
Antoinette Alexander, The Internet Rules Tax Filing Season, Acct. Tech., Jan./Feb. 2000, at 52.
Antoinette Coulton, Nations Bank Testing Visa Cash at Air Force Base, Am. Banker, Jul. 15, 1998, at 13.
Bank Card Report: POS: Is the Future Now?, ABA Banking J., Sep. 1986, at 66.
Bank machine benefits offer, Gov't Computing, Dec. 1998, at 8.
Beckett v. H&R Block, Inc., No. 94-C-776, 1994 WL 698505 (N.D. III. Dec. 12, 1994).
Beth Stetenfeld, The Power of Electronic Tax Filing, Credit Union MGMT., Oct. 1993, at 32.
Betsy Wade, Practical Traveler; V.A.T. Refunds: Vexations Added, N.Y. Times, Oct. 11, 1998, §5, at 4.
Bill Brandel, Micro-To-Host Links: Data Link Speeds Tax Filing, Refunds, Computerworld, Mar. 28, 1988, at S7.
Blair's citizen card scheme, Gov't Computing, Nov. 1998, at 5.
Brian Cayton, Low-Cost Software Open New Windows On Financial Planning, Accounting Technology, Jul. 1996.
Bruce Purple, Beneficial National Bank Launches in-Branch Tax Service for Quick refund, Bus. Wire, Jan. 16, 1992, available at http://www.businesswire.com.
Businesswire, Sweepstakes and Free Refund Estimation Highlight SecureTax Incentives, Jan. 13, 1998.
Carbiz. corn Acquires Tax Max Service Group Inc., The Auto Channel, Apr. 25, 2000, http://www.theautochannel.cornlnews/press/date/20000425/press013905.html.
Carbiz.com Acquires Tax Max Service Group Inc., Carbiz.com Inc., Apr. 25, 2000, http://www.carbiz.comIShowRelease.asp?RecordID=43.
Carbiz.com Inc., Annual Report, Form 20-F SEC Filing (Jan. 31, 2000).
CashMoney® , http://www.cashmoney.ca/main.html (last visited Nov. 10, 2008).
Cendant's Juggernaut: The Growth ofthe World's Largest Real Estate Company, Oct. 11, 1997, available at http://74.125.45.104/search?q=cache:nn—KrnE45prcJ:www.remaxcahi.com/esource/franchisee/forms/cendant.pdf+%E2%80%A2+Cendant%E2%80%99s+Juggernaut,+Oct.+11,+1997&hl=en&ct=clnk&cd=1&gl=us.
Charles Keenan, Citi to Issue Debit Cards Through Check Cashers, Am. Banker, Jan. 19, 1999, at 18.
Christoslav Anguelov et al., U.S. Consumers and Electronic Banking: 1995-2003, Fed. Res. Bull, Winter 2004, at 1-18.
Citibank Joins Efforts to Assist 'Unbanked', Bank Tech. News, Jan. 1999, at 23.
Colorado v. Cash Now Store, Inc., 12 P.3d 321 (Colo. Ct. App. 2000).
Consultation Paper on Framework Options for Addressing Concerns with the Alternative Consumer Credit Market, ACCM Working Group, Consumer Measures Committee, Autumn 2002, available at http://cmcweb.ca/epic/site/cmccmc.nsf/vwapj/CMC—credit—e.pdf/$FILE/CMC—credit—e.pdf.
Consumer Action News: EBT/EFT Update (1998), Jul. 1, 1998, http://www.consumeraction.org/news/articles/ebt—eft—update—1998/.
Council plans bank machine pay-outs, Gov't Computing, Feb. 1999, at 5.
Daniel Dunaief, Mellon Leads $1.25B Loan to Underpin H&R Block's Tax Refund Loan Program, AM. Banker, Nov. 7, 1996, at 20.
David Cay Johnston, Beneficial Sues Over Who Gets IRS Refunds, Oregonian, Feb. 22, 1995, at D2.
David Cay Johnston, Company News: Bank Challenges IR.S. on Refunds for Borrowers, N.Y. Times, Feb. 22, 1995.
Debit Payoff, Card Fax, Nov. 13, 1998, at 2.
Dey Delrio and Chris Kelley, A Primer on Fringe Products Associated with RALs, Nov. 2004, http://www.responsiblelending.org/issus/refund/briefs/.
Diane E. Lewis, It's All in the Card: For Some Employers, Paper is Giving Way to Plastic on Payday, Boston Globe, Feb. 15, 2004.
Discover's Platinum May Stand Out in the Platinum Crowd, Credit Card News, Jan. 15, 1999.
Eamon Beltran, H&R Block to Enhance Tax, Financial Services, Dow Jones News Service, Nov. 17, 1999.
Eileen Courter, Debit Cards Come of Age, Credit Union Mgmt., Feb. 1996, at 36.
Electronic Tax filing: fast track to fraud?, Bank Tech. News, Sep. 1995, at 6.
Electronic Transfer Account: Frequently Asked Questions, http://www.etafind.gov/ETAFactsPage5 .cfm.
Electronic Transfers: Use by Federal Payment Recipients Has Increased but Obstacles to Greater Participation Remain: General Accounting Office Rep. to the Subcomm. on Oversight and Investigations ofthe H Comm. on Financial Services, GAO-02-913 (Sep. 2002).
Elizabeth R. Schiltz, The Amazing Elastic, Ever-Expanding Exportation Doctrine and Its Effect on Predatory Lending Regulation, 88 Minn. L. Rev. 525 (Feb. 2004).
Elspeth Wales, Marriages of convenience, Retail Sys., Sep. 1998, at 18.
FastFile, Letter and Attachments from Randall Klein, General Manager, Fastfile, to Star Motors (Sep. 28, 1996).
FastFile's Car Dealer Program Details, http://web.archive.org/web/20011214130849/www.fastfile.com/car/progDetails.html (Dec. 14, 2001).
FastFile's Manufactured Housing Program Details, http://web.archive.org/web/20020208132040/www.fastfile.com/manHouse/progDetails.html (Feb. 8, 2002).
First Data Corp., Annual Report, at 4, 20 (1998).
First Interstate Bank Will Donate $1 Million to Earthquake Victimes, PR Newswire, p0118LA025, Jan. 18, 1994.
Food Stamp Electronic Benefit Transfer Systems: U.S. Dept. Agriculture Rep. to the H Comm. on Agriculture and the S. Comm. on Agriculture, Nutrition, and Forestry (Oct. 2003), available at http://www.fns.usda.gov/FSP/ebt/pdfs/2003-congress.pdf, last updated Jun. 23, 2009.
Food Stamp Electronic Benefit Transfer Systems: U.S. Dept. Agriculture Rep. to the H Comm. on Agriculture and the S. Comm. on Agriculture, Nutrition, and Forestry (Oct. 2003), available at http://www.fns.usda.gov/FSP/ebt/pdfs/2003—congress.pdf, last updated Jun. 23, 2009.
Food Stamp Program: Frequently Asked Questions About FTP, http://www.fns.usda.gov/fsp/ebt/FAQ.htm.
Gellis, Harold C., "How to Get Plugged into Electronic Tax Filing", Journal of Accountancy v17n66PP56-60, Jun. 1991, Dialog file 15 Accession No. 00553977.
Gene G. Marcial, Watch Out, H&R Block, Inside Wall Street, Businessweek Online, Nov. 10, 1997.
Gene Meyer, Block Joins IRS Program to Cut Costs of Fast Refunds: Debt Indicator Will Also Be a Tool in Fighting Fraud, Kansas City Star, Nov. 18, 1999.
Gene Meyer, H&R Block Joins IRS. Program That May Trim Cost of Quick Refunds, Kansas City Star, Nov. 18, 1999.
George Guttman, Electronic Filing: Who Pays, Who Benefits, 66 Tax Notes 1750 (Mar. 20, 1995).
Giovetti, How to file your Tax Return Electronically, Compute, v 15 n4, pS9(3), Apr. 1993.
Green v. H&R Block, Inc., 735 A.2d 1039 (Md. 1998).
Gregory Elliehausen, Consumer Use of Tax Refund Anticipation Loans (Geo. U., Credit Res. Center, Monograph #37, Apr. 2005).
Harold C. Gellis, How to Get Plugged Into Electronic Tax Filing, 1. Accountancy, Jun. 1991, at 56.
Household Bank v. JFS Group, 320 F.3d 1249 (11 th Cir. 2003).
Howard Karger, America's Growing Fringe Economy, Dollars & Sense Magazine, Nov./Dec. 2006.
Howard Rudnitsky, Tax Play, Forbes, May 11, 1992, at 48.
In re: Western Union Interim Corp. (Fed. Deposit Ins. Corp. Jul. 7, 1998) (Order and Basis for Corporation Approval), available at http://www.fdic.gov/regulations/laws/bankdecisions/merger/westernunion.html.
Internal Revenue Service Res. Div., Specifications for Direct Deposit of Individual Income Tax Refunds (Oct. 15, 1986).
Internal Revenue Service Res. Div., Specifications for Electronic Filing of Income Tax Returns (Oct. 15, 1986).
Interpretations-Jan. 1 to Mar. 31, 2002, Off. Comptroller Currency Q. J., Jun. 2003, at 115.
Interpretations—Jan. 1 to Mar. 31, 2002, Off. Comptroller Currency Q. J., Jun. 2003, at 115.
IRS Refund Glitch Sees Banks Stiffed, Associated Press, Feb. 6, 1992, available at http://www.ap.org.
Jacob Katy, Stored Value Cards: A Scan of Current Trends and Future Opportunities (Center Fin. Services Innovation, Research Series White Paper No. 1, Jul. 2004).
James F. Peterson & Keith A. Washington, Why Electronic Tax Filing is Hot, J. Acct., Oct. 1993, at 68.
James R. Kraus, Beneficial's Tax Refund Lending Program Seen as On-Course After Pullout from Earned Income Side, Am. Banker, Mar. 8, 1995.
Jane Bryant Quinn, Borrowing is Expensive Way to Get Tax Refund Money Fast, Baltimore Sun, Feb. 23, 1998, at 13C.
Jane Bryant Quinn, Separating Fact From Fiction on Federal Checks and Direct Deposit, Wash. Post, Jun. 6, 1999, at H2.
Jeffrey Kutler, Chevron to Take Debit Cards by '92 at Service Stations, Am. Banker, Sep. 7, 1988, at 12.
Jeffrey Kutler, Explore-Cactus Deal is Crowning Glory for Pioneer in Electronic Funds Transfer, Am. Banker, Mar. 11, 1994, at 15.
Jeffrey Kutler, TV Expedites Validation of Visa Charges, Am. Banker, Jul. 20, 1988, at 1.
Jennifer Bayot, For Some Taxpayers the Refund is in the Plastic, N.Y. Times, Feb. 1, 2004, at BU8.
Jim Brown, Ways to Pay, Network World, Aug. 29, 1988, at 29.
Jim Peterson, Get with the program! The IRS Elf, Nat'l Pub. Acct., Nov. 1993, at 42.
Joanne Ball Artis, Fees for Speedy Tax Refunds Decried for High Interest Rate Tax Filing Firm Defends Practice as a Favor to Consumer, Boston Globe, Feb. 17, 1993, at 7.
John R. Galvin, Banc One Corp., Testimony Before the Nat'l Comm'n on Restructuring the I.R.S. (Jan. 30, 1997), available at http://www.house.gov/natcommirs/galvin.htm.
Joseph Bondar, Social Security Beneficiaries Enrolled in the Direct Deposit Program, Dec. 1996, Aug. 1998, at 52.
Judge Advoc. Gen.'S SCH., Consumer Law Guide, Ch. 6 (Oct. 9, 2003) available at http://web.archive.orglweb/20031009214055/http://www.louisvillelaw.com/federaVArmy Pubs/JA+265+-+Consumer+Law+Deskbook+(2000).pdf.
Julia S. Cheney, Payment Cards and the Unbanked: Prospects and Challenges, Fed. Res. Bank Philadelphia, Jul. 13-14, 2005, available at http://www.philadelphiafed.org/payment-cardscenter/events/conferences/2005/PaymentCardsandtheUnbankedSummary.pdf.
Julia S. Cheney, Prepaid Card Models: A Study in Diversity, Fed. Res. Bank Philadelphia, Mar. 2005, available at http://www.philadelphiafed.org/payment-cardscenter/publications/discussion-papers/2005/PrepaidCardModels—Palmer—FINAL.pdf.
Karen Hube, A Special Summary and Forecast of Federal and State Tax Developments, Wall Street J., Dec. 29, 1999, at AI.
Katy Jacob et al., Stored Value Cards: Challenges and Opportunities for Reaching Emerging Market, Fed. Res. Board, 2005 Res. Conf., available at http://www.ny.frb.orglregional/svc-em.pdf.
Katy Jacob et al., Stored Value Cards: Challenges and Opportunities for Reaching Emerging Market, Fed. Res. Board, 2005 Res. Conf., available at http://www.ny.frb.orglregional/svc—em.pdf.
Kelly Jackson, Transmit It To The IRS, Communications Week, Apr. 2, 1990, at 8.
Kelly Palmer, Local Firm Offers Instant Tax Returns, Springfield Bus. J., Jan. 22, 1990, at 1.
Kemp, "Discover Debuts It's First Platinum card", DM News, Jan. 4, 1999, p. 2.
Kristina Rasmussen, From Government's Coffers to Our Wallets: Why Americans Need Choices in Tax Refund Delivery Services (Nat'l Taxpayer's Union, Issue Brief No. 163, Apr. 16, 2007), available at http://www.ntu.org/main/pressJssuebriefs-.printable.php?PressID=924&org—name=NTU.
Laura Lou Meadows, Electronic Filing Speeds Refunds, N.Y. Times, Mar. 5, 1989, § 3, at 27.
Lenna D. Kennedy, OASDI Beneficiaries and SSI Recipients With Representative Payees, Soc. Security Bull., Winter 1995, at 115.
Letter from Thomas M. Bloch, H&R Block, Inc. to Bernie Radack, Internal Revenue Servo (Mar. 31, 1999).
Lewis Taub, Is Electronic Filing for You?, Small Bus. Rep., Jan. 1994, at 63.
Lisbeth K. Green, Payroll Cards: How and Why to Make Them Work For Your Organization, Paytech, Mar. 12, 2002, at 16.
Louis Whiteman, New Company Targets its Hybrid Debit Card to Unbanked Hispanics, Am. Banker, Jan. 22, 1999, at 6.
Lynn Brenner, NY Thrift Promotes Tax Services Dollar Dry Dock Offers Refund in Advance of IRS Payment, Am. Banker, Feb. 2, 1989, at 10.
M2 Presswire, Microsoft: Microsoft Teams With SecureTax. com to Provide Electronic Tax Filing on MSN MoneyCentral, Feb. 19, 1999.
Mannix, "It's payback time", U.S. News World & Report, 1994, vol. 117, No. 11, p. 77.
Marcus Pollet, New plans on the cards, Gov't Computing, Oct. 1996, at 8.
Mary Vanac, Florida Car Dealers Will Do Your Taxes, Let You Drive Home in Refund, Knight-Ridder Trib. Bus. News: Akron (Ohio) Beacon J., Mar. 5, 1999.
Matt Barthel, Star's Explore Unit Merging With Cactus POS Network, Am. Banker, Mar. 11, 1994, at 1.
Matthew Vadum, Company Cashes in on Lottery Bonanzas, Cent. Penn Bus. J., Apr. 17, 1998, at 4.
Maureen Pirog et al., The Expanding Role & Efficacy of E-Government Innovations in US Social Services (Higher Sch. Of Econ., Moscow, Russ., Apr. 2007).
Michael A. Stegman et al., The State of Electronic Benefit Transfer (EBT) (Dec. 2003) (on file with Center for Community Capitalism: The University of North Carolina at Chapel Hill).
Michael Cohn, Linking Planning to Tax Prep, Accounting Technology, Feb./Mar. 1997, at 49-56.
Michael Cohn, Tax Prep Software 1040 Tax Prep Update, Accounting Technology, Feb. 1995, at 27-34.
Michael F. Lynch, The Age of Electronic Filing, J. Acct., Nov. 1993, at 30.
Michael S. Barr, Banking the Poor (Univ. Mich. Law Sch., Working Paper No. 49, 2004).
Mike Hogan, Drat! It's Tax Time Again, PC World Online, Dec. 17, 1999, at 1.
NaCCA Announces New Debit Card Program, Bus. Wire, Jan. 11, 1999, available at http://www.businesswire.com.
NaCCA, Citigroup Target 'Unbanked', Bank Sys. & Tech., Mar. 1999, at 10.
Nancy Ferris, Embracing Electronic Commerce, Gov't Executive, Jan. 1998, at 49.
Nat'l Taxpayer Advocate, 2007 Objectives Report to Congress: vol. II—The Role of the IRS in the Refund Anticipation Loan Industry, Jun. 20, 2006, available at http://www.irs.gov/pub/irs-utl/nta—fy07—final—objectives—reports—071206.pdf.
Nelco, Inc. And AM Software, AM Software/Nelco Agreement for 1994 Tax Season, (Sep. 8, 1994).
No. 1 Rated TaxCut Software for the 1999 Tax Year Ships to Retail Stores, Bus. Wire, Dec. 6,1999, available athttp://www.businesswire.com.
Pacific Capital Bancorp, Form 10-Q SEC Filing (May 17, 1999).
Pacific Capital Bancorp, Inc., Form 10-Q SEC Filing (Nov. 15, 1999).
Paul Clolery, H&R Block Tests Mastercard: AICPA's New Card Adds Benefits, Prac. Acct., May 1993, at 10.
Paul Demery, Tax Planning Draws a Crowd—Tax Software Vendors Compete in What Was Once a One-Horse Race, Accounting Technology, Dec. 1998.
Paul Finch & Ray Haynes, Research Isolates Deposit Gains from EFT Technology, Bank SYS. & Equipment., Mar. 1988, at 58.
Peter Skillern and Adam Rust, The High Cost of Refund Anticipation Loans in North Carolina, Cmty. Reinvestment Ass'n. of N.C. (Jan. 25, 2007), available at http://www.ncimed.com/docs/2006—RALReport.pdf.
PR Newswire, Yahoo! Finance Unveils Tax Center, Feb. 1, 1999.
Prepay? ABA Banking Journal, vol. 86, No. 471 72, Apr. 1994.
Press Release, Employee Solutions, Inc., Employee Solutions Partners with Bank One; Plan for a Debit Card Announced (Nov. 12, 1998) (PR Newswire Assoc. Inc.).
Press Release, First Data Corporation, CSRG is First National User of NTS Debit Card for Remote and 'Unbanked' Employees (Aug. 15, 1997) (PR Newswire Assoc. Inc.).
Press Release, H&R Block Inc., H&R Block Tests Low-Rate Credit Card in Select Markets (Mar. 4, 1993) (PR Newswire Assoc. Inc.).
Press Release, H&R Block Inc., H&R Block to Offer Internet Tax Preparation and Electronic Filing at hrblock.com (Nov. 22, 1999) (PR Newswire Assoc. Inc.).
Press Release, Woodbridge Sterling Capital, LLC, Woodbridge Sterling Capital to Issue Securities Backed by Cash Flows From Lottery (Jul. 31, 1997) (PR Newswire Assoc. Inc.).
Program Overview—Bank One Visa Cash Cards, http://www.visacash.orgfbankone.html (last visited Nov. 11, 2008).
Refund Anticipation Loans: Before the Subcomm. On Consumer Credit and Insurance of the H Comm. on Banking, Finance and Urban Affairs, 103rd Congress (1994).
Request to Reopen and Modify Consent Order, In the Matter of Beneficial Corporation, et al., No. D-8922 (F.T.C. May 27, 1986).
Robert W. Scott, E-Filing Vendors Outraged Over Death of DDI, Acct. Today, Nov. 21, 1994, at 1.
Ryan Donmeyer, IRS Takes Aim at RAL Fraud, Hits Return Preparer Profits, 66 Tax Notes 1088 (Feb. 20, 1995).
Sainsbury Reward Card Extended to More Third Party Retailers, Retail Rev., Jan. 1999, at 12.
Scott Bronstein, A Check-Writing Nation Ignores the Debit Card, N.Y. Times, Oct. 6, 1985, § 3, at 12.
Shawn Allen Cole et al., Where Does It Go? Spending by the Financially Constrained (Harv. Bus. Sch. Fin., Working Paper No. 08-083, Apr. 11, 2008).
Sherris L. Rhine et al., Householder Response to the Earned Income Tax Credit: Path to Sustenance of Road to Asset Building (Fed. Res. Bank N.Y, 2005), available at http://www.chicagofed.orgIcedric/promises-'pitfalls—2005—conference—session2.cfm.
Silver v. H&R Block, Inc., 105 F.3d 394 (8th Cir. 1997).
Slow roll out, and still thin on the ground, Gov't Computing, Jan. 1999, at 24.
Smart City, Govt Computing, Sept. 1999, at 10.
Social Security Beneficiaries Enrolled in the Direct Deposit Program, Dec. 1996, Soc., Soc. Security Bull, Jan. 1998, at 52.
Sondra G. Beverly and Coleen Dailey, Using Tax Refunds to Promote Asset Building in Low-Income Households: Program and Policy Options, Center for Soc. Dev., George Warren Brown School of Soc. Work, Wash. D., Oct. 2003, available at http://gwbweb.vvustl.edu/csd/Publications/2003/PolicyReport-TaxRefund.pdf.
State Recognition of Paycards (Am. Payroll Assoc., Feb. 2008).
Steve Cocheo, Beneficial parentage, ABA Banking J., Jul. 1997, at 44.
Steven Marjanovic, Arizona Clearing House Chief Eyes Expansion, Am. Banker, Aug. 18, 1995, at 16.
Tax Max Service Group Inc., TaxMax Auto Dealer Electronic Filing System: 200112002 Tax Season Reference Guide (Revised Sep. 26, 2001).
Tax Refund Services About Us, http://web.archive.org/web/20010815215505/www.taxrefundservices.com/aboutus.htm (Aug. 15, 2001).
Tax Refund Services Car Dealerships, http://web.archive.org/web/2001121609473 5/www.taxrefundservices.com/cardealerships.htm (Dec. 16, 2001).
Tax Refund Services FAQ, http://web.archive.org/web/20010825032936/www.taxrefundservices.com/faq.htm (Aug. 25, 2001).
Tax Refund Services How It Works, http://web.archive.org/web/20010419201 055/www.taxrefundservices.com/howitworks.htm (Apr. 19, 2001).
Tax Refund Services TRS Tax Marketing Program: Making It Easier to Buy a Car, Slide Show and Tax Marketing Agreement, http://web.archive.org/web/20010419201055/www.taxrefundservices.com/howitworks.htm (Apr. 19, 2001).
Tax Refunds for H&R Block Customers, Army Law, Aug. 1989, at 45.
Taxless Innovations Give Postal Service Run for its Money, PR Newswire, 0309SD005, Mar. 9, 1990.
TaxStar's Refund for Down Payment Program, http://dealers.taxstaronline.com, (last accessed Aug. 3, 2009).
TaxStar's Refund for Down Payment Program: Benefits of the Program, TaxStar Dealership Portal, http://dealers.taxstaronline.com/benefits.php (last accessed Aug. 3, 2009).
TaxStar's Tax Refund for Down Payment Program: The Process, TaxStar Dealership Portal, http://dealers.taxstaronline.com/process.php (last accessed Aug. 3, 2009).
Ted Kemp, Discover Debuts It's First Platinum Card, DMNEWS, Jan. 4, 1999, at 2.
Terrence O'Hara, Santa Barbara Bank Decides to Rethink its Refund Anticipation Loan Business, Am. Banker, Jun. 23, 1995, at 6.
Texas Capital Bank Launches New Payroll Platform, Bus. Wire, Nov. 12, 1999, available at http://www.businesswire.com.
The 2004 Federal Reserve Payments Study (Fed. Reserve Sys., Dec. 2004), available at http://www.frbservices.org/files/communications/pdf/research/2004PaymentResearchRep.ort.pdf.
The Financial Post Company, The Financial Post Guide to Investing & Personal Finance: Retirement Planning, Mar. 14, 1998.
The Price of Loyalty-Safeway Raises the Stakes, Retail Rev., Apr. 1998, at 5.
The Price of Loyalty—Safeway Raises the Stakes, Retail Rev., Apr. 1998, at 5.
Theodore Postel, Lottery Prize: Assignment of Benefits, Chi. Daily L. Bull., Dec. 19, 1995, at 1.
Timothy J. Mullaney, IR.S. Fraud Watch Cuts Refund Loans, Baltimore Sun, Mar. 12, 1995, at ID.
Tom Bengston, W. Union Reaches the Unbanked with Quick Cash, N. W. Fin. Rev., Jun. 27, 1998, available at http://findarticles.comlp/articles/mtqa3799/is—199806/ai—n87953 75/print?tag=artBody;c 011.
Travis Plunkett, Legislative Dir. Consumer Fed'n of Am., Remarks Before the Senate Comm. on Banking, Housing and Urban Affairs: An Examination of the Gramm Leach Bliley Act Five Years After Its Passage (Jul. 13, 2004).
Turner v. Beneficial Nat'l Bank, No. 98-c-2550, 2003 WL 24280981 (N.D. III. Sep. 10, 2003).
U.S. Trademark Serial No. 75/309,970, (filed Jul.. 22, 1999).
U.S. Trademark Serial No. 78/199430 (filed Jan. 2, 2003, first used in commerce Jan. 11, 2001).
UK Government scraps benefit payment project, Electronic Gov't Int'l, Jun. 1999, at 1.
Union Bank Offers Assistance Program for Customers Affected by Southland Fires, Business Wire, Oct. 29, 1993.
United States: First Data NTS launches innovative debit card, Electronic Payments Int'l, May 1997, at 3.
Victor Kremer, Finance Co. Readies First Lottery Bonds, Bondweek, Apr. 13, 1998, at 1.
Virginia Men Implicated in Loan Scheme, Wash. Post, May 24, 1987, at B4.
Visa Taps IFS for Global Cash Card Pilots, Bus. Wire, May 5, 1997, available at http://www.businesswire.com.
Ware Myers, On Trial at the Summer Olympics: Smart Cards, Computer, Jul. 1996, at 88.
Western Union Fin. Serv., Inc. & Basin Indus. Bank, Benefits Quick Cash Agreement and Disclosure Statement (Jun. 1, 1998).
Western Union Fin. Serv., Inc. & Basin Indus. Bank, Cash Card Agreement and Disclosure Statement (Sep. 1, 1998).
Western Union Fin. Serv., Inc., Benefits Quick Cash Program: Answers, 1998.
Western Union Fin. Serv., Inc., Federal Benefits Checks Are Going Away-Don't Let Your Customers Go With Them, 1998.
Western Union Fin. Serv., Inc., Federal Benefits Checks Are Going Away—Don't Let Your Customers Go With Them, 1998.
Western Union Fin. Serv., Inc., Newsbriefs (Spring 1990).
Western Union Fin. Serv., Inc., Now When You Need Cash Reachfor the Card, 1998.
Western Union Fin. Serv., Inc., Only Western Union (product brochure).
Western Union Fin. Serv., Inc., Prepare Now for EBT and Keep Serving Your Customers, 1998.

Cited By (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20090099918A1 (en) * 2007-10-10 2009-04-16 Ladoulis Steven T Funds accumulation systems and methods
US8510187B1 (en) * 2010-02-19 2013-08-13 Intuit Inc. Intelligent tax refund allocation
US20130226785A1 (en) * 2012-02-28 2013-08-29 Tax Refund Group, Inc. Tax refund loan system absent irs and fms debt indicator
US9830660B2 (en) 2015-03-20 2017-11-28 Bank Of America Corporation System for augmenting a retirement score with health information

Also Published As

Publication number Publication date Type
US8326711B2 (en) 2012-12-04 grant
US20130103586A1 (en) 2013-04-25 application
US20100145849A1 (en) 2010-06-10 application
US20090210342A9 (en) 2009-08-20 application
US8332289B2 (en) 2012-12-11 grant
US20130110714A1 (en) 2013-05-02 application
US20100153268A1 (en) 2010-06-17 application
CA2397144A1 (en) 2001-07-19 application
WO2001052171A9 (en) 2002-10-17 application
US8671038B2 (en) 2014-03-11 grant
US8676676B2 (en) 2014-03-18 grant
WO2001052171A1 (en) 2001-07-19 application
US20060218095A1 (en) 2006-09-28 application
US7072862B1 (en) 2006-07-04 grant

Similar Documents

Publication Publication Date Title
US5537314A (en) Referral recognition system for an incentive award program
US5383113A (en) System and method for electronically providing customer services including payment of bills, financial analysis and loans
US7174315B2 (en) Debit purchasing of stored value card for use by and/or deliveries to others
US6173269B1 (en) Method and apparatus for executing electronic commercial transactions with minors
US6915277B1 (en) Method for dual credit card system
US5117355A (en) Centralized consumer cash valve accumulation system for multiple merchants
US5202826A (en) Centralized consumer cash value accumulation system for multiple merchants
US6088682A (en) Funds distribution system connected with point of sale transactions
US5956695A (en) Filter processor and method for implementing a program
US5689100A (en) Debit card system and method for implementing incentive award program
US6345261B1 (en) Customer loyalty investment program
US7054838B2 (en) Method and system for transacting an anonymous purchase over the Internet
US6876971B1 (en) Funds distribution system connected with point of sale transaction
US8055557B2 (en) Transfer account systems, computer program products, and associated computer-implemented methods
US20020013767A1 (en) Electronic funds transfer system for financial transactions
US20040039674A1 (en) Certificate of deposit portfolio system and method
US20050125343A1 (en) Method and apparatus for monetizing personal consumer profiles by aggregating a plurality of consumer credit card accounts into one card
US6351739B1 (en) Internet billing method
US20030088462A1 (en) Debit card system and method for implementing incentive award program
US20090006203A1 (en) Payment account processing which conveys financial transaction data and non financial transaction data
US20050234789A1 (en) Systems, methods and computer readable media for providing and managing balance transfer accounts
US20050021457A1 (en) Financial account up-front incentives management system and method
US20030061093A1 (en) System for rewarding customers of financial services providers
US20020069150A1 (en) System and method to retain customers using rebate in combination with investment instruments to serve customers' long term financial needs
US20030078884A1 (en) Method for facilitating commercial transactions through a global community payment network

Legal Events

Date Code Title Description
FPAY Fee payment

Year of fee payment: 4

FPAY Fee payment

Year of fee payment: 8